Oregon Revised Statutes (Tax Chapters)
ORS § 321.722
Valuation
# (1)
Small tract forestland shall have a specially assessed value per acre:
# (a)
Equal to 20 percent of the specially assessed value per acre determined under ORS 321.354, if located in western Oregon; or
# (b)
Equal to 20 percent of the specially assessed value per acre determined under ORS 321.833, if located in eastern Oregon.
# (2)
For each land class, the maximum assessed value per acre of small tract forestland shall equal 103 percent of the small tract forestland assessed value per acre for the preceding tax year or 100 percent of the small tract forestland maximum assessed value per acre for the preceding tax year, whichever is greater.
# (3)
The county assessor shall compute the assessed value of small tract forestland by multiplying the acreage of the small tract forestland in each land class by the lesser of:
# (a)
The specially assessed value per acre; or
# (b)
The maximum assessed value per acre.
# (4)
If the small tract forestland being assessed consists of different land classes, the assessed value of the small tract forestland shall be the sum of the assessed values computed for each land class under subsection (3) of this section.
Amendment history
2003 c.454 §7
Source: view the official text
In this chapter (40 sections)
- 321.660 · [1961 c.659 §5(9); 1965 c.6 §14; 1967 c.78 §7; repealed by…
- 321.665 · [1961 c.659 §5(10); 1963 c.60 §3; repealed by 1977 c.892 §51]
- 321.670 · [1961 c.659 §5(11); repealed by 1977 c.892 §51]
- 321.675 · [1961 c.659 §5(12); repealed by 1977 c.892 §51]
- 321.680 · [1961 c.659 §5(13); 1963 c.576 §39; repealed by 1977 c.892…
- 321.682 · Confidentiality of reports, returns and appraisal data
- 321.684 · Authority of department to make certain disclosures
- 321.686 · Penalty for violation of ORS 321.682
- 321.700 · Definitions for ORS 321.700 to 321.754
- 321.703 · Legislative findings and declarations
- 321.705 · [1961 c.714 §1; 1977 c.892 §41; 1977 c.893 §1a; 1979 c.553…
- 321.706 · Application for small tract forestland qualification;…
- 321.709 · Small tract forestland qualification requirements
- 321.710 · [1961 c.714 §2; repealed by 2003 c.454 §81 and 2003 c.621 §49]
- 321.712 · Circumstances under which notification is required;…
- 321.715 · [1961 c.714 §9; 1975 c.617 §3; 1997 c.541 §400; repealed by…
- 321.716 · Disqualification; requalification under certain…
- 321.719 · Continued qualification as small tract forestland following…
- 321.720 · [1961 c.714 §3; 1969 c.326 §5; 1975 c.617 §1; 1977 c.892 §42;…
- 321.721 · [1975 c.617 §2; repealed by 1991 c.459 §321]
- 321.722 · Valuation
- 321.725 · [1961 c.714 §4; 1969 c.326 §1; 1971 c.684 §1; 1975 c.617 §6;…
- 321.726 · Severance tax upon harvest from small tract forestland
- 321.727 · [1977 c.893 §8; 1997 c.586 §6; repealed by 2003 c.454 §81 and…
- 321.730 · [1961 c.714 §§6,14; 1967 c.619 §1; 1969 c.326 §2; 1971 c.684…
- 321.731 · [1991 c.854 §2; repealed by 2001 c.114 §47]
- 321.732 · [1977 c.893 §12; 1979 c.553 §4; 1991 c.854 §3; repealed by…
- 321.733 · Severance tax returns
- 321.735 · [1961 c.714 §5; 1963 c.582 §1; 1965 c.371 §1; 1967 c.619 §2;…
- 321.737 · [1979 c.553 §4b; repealed by 2003 c.454 §81 and 2003 c.621…
- 321.740 · [1961 c.714 §7; 1967 c.34 §3; repealed by 1991 c.854 §5]
- 321.741 · Due dates for severance tax return and payment
- 321.745 · [1961 c.714 §8; repealed by 2003 c.454 §81 and 2003 c.621 §49]
- 321.746 · Severance tax revenues
- 321.747 · [1983 c.745 §4; 1991 c.459 §310; 1997 c.541 §397a; 1997 c.586…
- 321.750 · [1961 c.714 §11; 1963 c.582 §2; 1965 c.371 §2; 1971 c.684 §3;…
- 321.751 · Western Oregon Timber Severance Tax Fund; revenue distribution
- 321.754 · Eastern Oregon Timber Severance Tax Fund; revenue distribution
- 321.755 · [1961 c.714 §12; 1963 c.576 §40; repealed by 1979 c.553 §11]
- 321.760 · [1961 c.714 §10; 1969 c.326 §4; 1971 c.684 §4; 1975 c.617 §7;…